I can confirm that KVM seems broken in raring.

ben@padfoot:~$ qemu -machine ?
Supported machines are:
none                 empty machine
pc                   Standard PC (i440FX + PIIX, 1996) (alias of pc-i440fx-1.4)
pc-i440fx-1.4        Standard PC (i440FX + PIIX, 1996) (default)
pc-1.3               Standard PC
pc-1.2               Standard PC
pc-1.1               Standard PC
pc-1.0               Standard PC
pc-0.15              Standard PC
pc-0.14              Standard PC
pc-0.13              Standard PC
pc-0.12              Standard PC
pc-0.11              Standard PC, qemu 0.11
pc-0.10              Standard PC, qemu 0.10
isapc                ISA-only PC
xenfv                Xen Fully-virtualized PC
q35                  Standard PC (Q35 + ICH9, 2009) (alias of pc-q35-1.4)
pc-q35-1.4           Standard PC (Q35 + ICH9, 2009)
xenpv                Xen Para-virtualized PC
ben@padfoot:~$ cat /proc/cpuinfo 
processor       : 0
vendor_id       : GenuineIntel
cpu family      : 6
model           : 42
model name      : Intel(R) Core(TM) i7-2720QM CPU @ 2.20GHz
stepping        : 7
microcode       : 0x1a
cpu MHz         : 800.000
cache size      : 6144 KB
physical id     : 0
siblings        : 8
core id         : 0
cpu cores       : 4
apicid          : 0
initial apicid  : 0
fpu             : yes
fpu_exception   : yes
cpuid level     : 13
wp              : yes
flags           : fpu vme de pse tsc msr pae mce cx8 apic sep mtrr pge mca cmov 
pat pse36 clflush dts acpi mmx fxsr sse sse2 ss ht tm pbe syscall nx rdtscp lm 
constant_tsc arch_perfmon pebs bts nopl xtopology nonstop_tsc aperfmperf 
eagerfpu pni pclmulqdq dtes64 monitor ds_cpl vmx smx est tm2 ssse3 cx16 xtpr 
pdcm pcid sse4_1 sse4_2 x2apic popcnt tsc_deadline_timer aes xsave avx lahf_lm 
ida arat epb xsaveopt pln pts dtherm tpr_shadow vnmi flexpriority ept vpid
bogomips        : 4385.65
clflush size    : 64
cache_alignment : 64
address sizes   : 36 bits physical, 48 bits virtual
power management:

** Changed in: ubuntu
       Status: Incomplete => New

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https://bugs.launchpad.net/bugs/1100976

Title:
  raring iso not booting in kvm

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